Praxair, Inc. (NYSE:PX) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Praxair in a report released on Tuesday. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings per share of $1.44 for the quarter. KeyCorp also issued estimates for Praxair’s Q2 2018 earnings at $1.52 EPS and Q3 2018 earnings at $1.59 EPS.
Praxair (NYSE:PX) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Praxair’s revenue was up 7.6% compared to the same quarter last year.
Shares of Praxair (NYSE:PX) traded down $1.96 during midday trading on Thursday, reaching $161.50. 1,746,700 shares of the company traded hands, compared to its average volume of 1,976,358. Praxair has a one year low of $115.53 and a one year high of $166.08. The stock has a market cap of $46,270.00, a PE ratio of 28.74, a PEG ratio of 2.24 and a beta of 1.00. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11.
In other news, Director Raymond W. Leboeuf sold 6,550 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $117.26, for a total value of $768,053.00. Following the transaction, the director now directly owns 16,697 shares in the company, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Several hedge funds have recently modified their holdings of PX. BlueMountain Capital Management LLC lifted its holdings in shares of Praxair by 35.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,264 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 331 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Praxair by 4.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 34,883 shares of the basic materials company’s stock worth $4,624,000 after buying an additional 1,344 shares in the last quarter. Pacific Center for Financial Services lifted its holdings in Praxair by 65.7% during the 2nd quarter. Pacific Center for Financial Services now owns 898 shares of the basic materials company’s stock worth $119,000 after buying an additional 356 shares in the last quarter. Quantitative Investment Management LLC lifted its holdings in Praxair by 19.8% during the 2nd quarter. Quantitative Investment Management LLC now owns 75,100 shares of the basic materials company’s stock worth $9,954,000 after buying an additional 12,400 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Praxair by 9.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,052,965 shares of the basic materials company’s stock worth $139,571,000 after buying an additional 94,212 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.
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Praxair Company Profile
Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.
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